A Business's Source Documents May Include All of the Following

question 55

Multiple Choice

A business's source documents may include all of the following except:

• A)Sales tickets.
• B)Ledgers.
• C)Checks.
• D)Purchase orders.
• E)Bank statements.

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Definitions:

Respondeat Superior

A legal principle that assigns legal liability to an employer or principal for the misconduct of an employee or agent when those actions are carried out in the course of their employment or representation.

Vicarious Liability

Legal responsibility assigned to an individual or entity for the actions of another, based on a particular relationship, such as employer-employee.

Ratification Manifest

The overt expression or demonstration of approval or confirmation of an act or agreement, often legally required for ratification.

Material Facts

Information that could influence the decision-making process of a person or entity, considered significant in the context of legal and financial transactions.